If actual real wage rate is above equilibrium real wage rate

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Reference no: EM13692351

If the actual real wage rate is above the equilibrium real wage rate there will be

A) a tendency for prices to rise and output to fall.

B) pressure for the actual real wage rate to rise.

C) pressure for the actual real wage rate to decline.

D) None of the above.

Reference no: EM13692351

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